USD/CHF: The downside prevails


Stay on top of the markets with Swissquote’s News & Analysis

Pivot (invalidation): 0.9125

Our preference
Short positions below 0.9125 with targets at 0.9085 & 0.9070 in extension.

Alternative scenario
Above 0.9125 look for further upside with 0.9140 & 0.9155 as targets.

The RSI is bearish and calls for further downside.

USD/CAD: Under pressure


Pivot (invalidation): 1.3100

Our preference
Short positions below 1.3100 with targets at 1.3050 & 1.3030 in extension.

Alternative scenario
Above 1.3100 look for further upside with 1.3125 & 1.3145 as targets.

As Long as the resistance at 1.3100 is not surpassed, the risk of the break below 1.3050 remains high.

AUD/USD: Rebound expected


Pivot (invalidation): 0.7265

Our preference
Long positions above 0.7265 with targets at 0.7310 & 0.7330 in extension.

Alternative scenario
Below 0.7265 look for further downside with 0.7250 & 0.7235 as targets.

The RSI calls for a rebound.

USD/TRY: Watch 7.4550


Pivot (invalidation): 7.6200

Our preference
Short positions below 7.6200 with targets at 7.4960 & 7.4550 in extension.

Alternative scenario
Above 7.6200 look for further upside with 7.6680 & 7.7220 as targets.

A break below 7.4960 would trigger a drop towards 7.4550.

This report has been prepared by AC Markets and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by AC Markets personnel at any given time. ACM is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis

Latest Forex Analysis

Editors’ Picks

GBP/USD tumbles from the highest since 2018 on the Brexit impasse

The GBP/USD roller coaster continues with a downfall below 1.35 after the pair hit a 31-month high of 1.3539 earlier. Brexit talks have yet to yield an agreement. Negotiations are set to continue through the weekend.


EUR/USD battles 1.2150 after disappointing NFP

EUR/USD is trading off the 32-month highs amid bumps in US stimulus and vaccine distribution. Markets await the all-important US Nonfarm Payrolls missed expectations with 245K jobs gained in November. 


XAU/USD fails to break $1850 and turns to the downside

Gold peaked after the beginning of the American session at $1848/oz reaching the highest level since November 23 and then turned to the downside. It bottomed at $1829 and is it about to end the week hovering around $1830.

Gold news

Dollar downfall explained and what's next for markets

The safe-haven US dollar is hitting multi-month and multi-year lows against its peers while stocks are on fire. What is behind the risk-on rally? Valeria Bednarik, Joseph Trevisani, and Yohay Elam discuss markets' moving parts as 2020 nears its end.

Read more

Extra week of Black Friday!

Learn to trade with the best! Don't miss the most experienced traders and speakers in FXStreet Premium webinars. Also if you are a Premium member you can get real-time FXS Signals and receive daily market analysis with the best forex insights!

More info

Forex Majors